Annual Report Gorenje Group 2009

Fair value scale
The table shows method of valuing financial assets recorded at fair value. The levels are as follows:
• Level 1: stock price (unadjusted) in the active market of identical assets and liabilities
• Level 2: data differing from stock price data (these are included in Level 1) monitored with the
intention of direct or indirect valuation of assets and liabilities
• Level 3: data on the value of assets and liabilities not based on the active market
Year 2009
in TEUR Level 1 Level 2 Level 3 Total
Available-for-sale financial assets 3,770 - 11,478 15,248
Derivatives – assets - - - -
Derivatives - liabilities - -10,267 - -10,267
Year 2008
in TEUR Level 1 Level 2 Level 3 Total
Available-for-sale financial assets 4,897 - 17,327 22,224
Derivatives – assets - 4,793 - 4,793
Derivatives - liabilities - -10,078 - -10,078
Forward exchange contracts
The total fair value of forward exchange contracts amounted to TEUR -250 as at 31 December 2009
and was recorded under other financial liabilities.
Interest rate swaps
The total fair value of interest rate swaps as at 31 December 2009 amounted to TEUR -10,017 and
was recorded under other financial liabilities.
Interest rate swap hedges, which refer to hedged items in the statement of financial position, are
recorded in equity as a fair value reserve.
GROUP - INVESTMENT-RELATED COVENANTS
Note 42 - Covenants related to investments
The value of contractually agreed investments in intangible assets and property, plant and equipment,
not yet recognised in the financial statements at the date of the statement of financial position, amounts
to TEUR 2,094.
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Annual Report Gorenje Group 2009